At today's press conference, a reporter asked Fed chair Powell this question: Do you want to go below 2%, so that on average you get a 2% inflation rate? Powell responded: So no, there's nothing in our framework about having inflation run below 2%.  That we would do that.  That we would try to achieve that outcome.  So the answer is no. What?!?!?  On the face of it, Powell just repudiated the Fed's new 2% flexible average inflation targeting (FAIT)...